The NIFTY opened at 18130.70 with a gap up of 118 points. The index continued moving higher from the opening tick but faced resistance below 18200. The index recorded its intraday high at 18175.80 and started drifting downwards. Prices came below the early morning low and then bounced up from there. The index recorded its intraday low at 18060.15, made some recovery towards the end of today’s trading session, and finally closed at 18145.40 near its opening tick with a gain of 133.20 points or 0.74% up. All the sectoral indices have closed higher today except MEDIA and BANK. METAL and PHARMA led the bulls today by closing over 2% gains followed by IT which gained nearly 2%. It was a volatile day today where prices have rallied first then saw a sharp dip and then recovered afterward to finally close above 18100. The short-term trend is up and very strong. The NIFTY has been closing higher for four consecutive trading days. The index is now heading towards its lifetime highs around 18600. Support is now visible around 18000 and we should look for buying opportunities as far as prices are trading above this level.


The BANK NIFTY opened at 41552.40 with a gap up of 238 points. The index initially moved higher but soon faces resistance and started drifting downwards after recording its intraday high at 41677.25. Prices have seen a sharp intraday fall, erased all the gains, and come into negative territory. The index spends its second half moving sideways, recorded its intraday low at 41188.55, and finally closed at 41268.60 with a loss of 46 points. PSU BANKS have underperformed today by closing lower 0.67% while PVT BANKS have also seen a decline today but closed with a loss of just 0.15%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. We have suggested a trade in the direction of a breakout which was to buy above 41500 or sell short below 40900 with a stop of 300 points and a target of 800 points. Prices opened above 41500 and recorded its first 15 minutes high at 41548. Or long traded executed when this high gets penetrated. The index continued moving inside a narrow range with 40800 support and 41700 resistance for the past six trading days. A breakout from this range may give us a directional move. Look for a buying opportunity on a breakout above 41700 or a shorting opportunity on a breakdown below 40800. In case of a gap beyond these levels follow the first 15 minutes rule. Keep a stop of 300 points and a target of 800 points



MINDTREE 3508.70 BUY The stock is on the verge of giving a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 3466 and a target of  3579.
HUL 2551.80 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at CMP with a stop loss of 2559 and for a target of 2528.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DR REDDY 4550 (CE) BUY 112.15 CMP 93 150 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.22.11 Nov 3592.6 6.77 1.06 14124750 PNB.22.11 Nov 40.2 -6.4 6.64 263488000
DIVISLAB.22.11 Nov 3850.95 6.17 5.82 2105700 AXISBANK.22.11 Nov 877 -3.55 19.39 47156400
NTPC.22.11 Nov 182.05 5.17 18.43 53072700 M&MFIN.22.11 Nov 195.05 -2.79 18.75 23988000
BALRAMCHIN.2211Nov 331.75 4.34 5.5 9644800 ASHOKLEY.22.11 Nov 150.35 -2.27 5.86 63090000
JKCEMENT.22.11 Nov 2821 3.78 8.71 449500 ESCORTS.22.11 Nov 2004.1 -1.78 8.63 1194325
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NMDC.22.11 Nov 105.15 4.89 -12.16 19530500 MCX.22.11 Nov 1524.1 -1.4 -2.31 2247200
AUBANK.22.11 Nov 610.5 4.07 -7.02 6406000 PVR.22.11 Nov 1768.1 -0.62 -0.28 2591776
BSOFT.22.11 Nov 280 3.36 -3.02 9449700 SYNGENE.22.11 Nov 628.7 -0.61 -0.36 2215000
LAURUSLABS2211Nov 471.5 3.24 -1.61 7299900 CONCOR.22.11 Nov 796.2 -0.33 -0.76 6817000
MINDTREE.22.11 Nov 3527.85 3.12 -1.39 2603800 BANKBARODA.22.11 Nov 148.1 -0.3 -0.35 109231200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 838.4 1.1 854774 0 71.62 Nifty50 18145.4 0.74 76797
Marico Limited 531.4 1.31 1253309 0 70.8 Niftybank 41289.55 -0.04 76797
Tata Consultancy Serv Lt 3259.7 2.08 2991060 0 70.7 Nifty it 29270.65 1.89 76797
Voltas Ltd. 908.95 3.74 1623970 0 68.03 India Vix 16.13 2.09 76797
Icici Bank Ltd. 908.6 -0.01 9823761 0 67.77 Nifty Fmcg 44564.9 0.61 76797
Axis Bank Limited 871.75 -3.78 29191921 0 67.53 Nifty Pharma 13492.05 2.12 76797
Sbi Life Insurance Compa 1268.75 0.22 1038607 0 66.96 Nifty Realty 442.7 0.92 76797
Hcl Technologies Ltd. 1060.05 1.82 2275488 0 66.83 Nifty Auto 13416.9 0.26 76797
Kotak Mahindra Bank Limi 1909.2 0.38 2545417 0 66.71 Nifty Metal 6036.95 2.38 76797
Hindustan Unilever Ltd 2551.8 0.04 1280132 0 66.06 Nifty Financial Services 18606.4 0.37 76797


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 4th November, 2022

INR: CPI (YoY) (Oct) on 11th November, 2022

 USD: ADP Nonfarm Employment Change (Oct) on 2nd November, 2022

USD: Crude Oil Inventories on 2nd November, 2022


  • Benchmark indices closed higher for the fourth consecutive session on November 1 with Nifty above 18,100.At Close, the Sensex was up 374.76 points or 0.62% at 61,121.35, and the Nifty was up 133.20 points or 0.74% at 18,145.40. About 1765 shares have advanced, 1579 shares declined, and 129 shares are unchanged.
  • India’s monthly goods and services tax revenue collected in October crossed Rs 1.5 lakh, the second-highest on record. GST in October, collected for September, stood at Rs 1,51,718 crore, according to a statement released by the Ministry of Finance. That compares with Rs 1,47,686 crore in September (collected for August)
  • Tata Group is planning to multiply the number of employees at its electronics factory in southern India that makes iPhone components, adding tens of thousands of workers as part of a push to win more business from Apple Inc.
  • Online beauty and fashion retailer Nykaa’s second-quarter profit rose after falling for the last two consecutive quarters, and margins improved despite higher expenses. The bottom line, however, missed estimates.
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACGL Quarterly Results 02-Nov-22 M&MFIN Quarterly Results 02-Nov-22
ADANITRANS Quarterly Results 02-Nov-22 MAHEPC Quarterly Results 02-Nov-22
AMJLAND Quarterly Results 02-Nov-22 MANALIPETC Quarterly Results 02-Nov-22
ANDHRAPAP Quarterly Results 02-Nov-22 MASFIN General;Quarterly Results 02-Nov-22
ANKIN Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 02-Nov-22 MEDINOV Quarterly Results 02-Nov-22
BACPHAR General;Quarterly Results 02-Nov-22 MHRIL Quarterly Results 02-Nov-22
CLEDUCATE Bonus issue;Quarterly Results 02-Nov-22 MTARTECH General;Quarterly Results 02-Nov-22
DALBHARAT Interim Dividend;Quarterly Results 02-Nov-22 NELCAST Quarterly Results 02-Nov-22
EIHOTEL Quarterly Results 02-Nov-22 NEWMKTADV General;Quarterly Results 02-Nov-22
EIMCOELECO General;Quarterly Results 02-Nov-22 PARACABLES Quarterly Results 02-Nov-22
FSL Quarterly Results 02-Nov-22 PDSL General;Quarterly Results 02-Nov-22
GATI Quarterly Results 02-Nov-22 PGHH Quarterly Results 02-Nov-22
GCMSECU General 02-Nov-22 PHOENIXTN General;Quarterly Results 02-Nov-22
GHUSHINE Half Yearly Results 02-Nov-22 PUNJCOMMU Quarterly Results 02-Nov-22
GRAVITA Quarterly Results 02-Nov-22 REDINGTON Quarterly Results 02-Nov-22
GREENPOWER Quarterly Results 02-Nov-22 RELAXO Quarterly Results 02-Nov-22
GRINDWELL Quarterly Results 02-Nov-22 SHAHFOOD Quarterly Results 02-Nov-22
GSCLCEMENT Quarterly Results 02-Nov-22 SHAREINDIA Interim Dividend;Quarterly Results 02-Nov-22
HMVL Quarterly Results 02-Nov-22 SIS Quarterly Results 02-Nov-22
JAMNAAUTO Interim Dividend;Quarterly Results 02-Nov-22 SKCIL Quarterly Results 02-Nov-22
JKPAPER Quarterly Results 02-Nov-22 SYSCHEM General 02-Nov-22
JSL Quarterly Results 02-Nov-22 TCFCFINQ Quarterly Results 02-Nov-22
KABRADG General 02-Nov-22 TRITURBINE Buy Back of Shares;Quarterly Results 02-Nov-22
KAJARIACER Quarterly Results 02-Nov-22 TTL Quarterly Results 02-Nov-22
KSB Quarterly Results 02-Nov-22 UFO Quarterly Results 02-Nov-22
KUSUMEL Quarterly Results 02-Nov-22 ZSANMCOM General;Quarterly Results 02-Nov-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ATUL 02-Nov-22 Special Dividend – Rs. – 7.5000 IMAGICAA 09-Nov-22 E.G.M.
HAPPSTMNDS 02-Nov-22 Interim Dividend – Rs. – 2.0000 PUNITCO 09-Nov-22 Bonus issue 5:1
APOLLOTRI 03-Nov-22 Amalgamation TECHM 09-Nov-22 Interim Dividend
CFEL 03-Nov-22 Stock  Split From Rs.10/- to Rs.5/- DAAWAT 10-Nov-22 Interim Dividend
COFORGE 03-Nov-22 Interim Dividend – Rs. – 13.0000 DALBHARAT 10-Nov-22 Interim Dividend
DABUR 03-Nov-22 Interim Dividend – Rs. – 2.5000 GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000
GARFIBRES 03-Nov-22 Buy Back of Shares NYKAA 10-Nov-22 Bonus issue 5:1
IMFA 03-Nov-22 Interim Dividend – Rs. – 5.0000 SHAREINDIA 10-Nov-22 Interim Dividend
LAURUSLABS 03-Nov-22 Interim Dividend – Rs. – 0.8000 SSWL 10-Nov-22 Stock  Split From Rs.5/- to Rs.1/-
NAVINFLUOR 03-Nov-22 Interim Dividend – Rs. – 5.0000 GMM 11-Nov-22 Interim Dividend
TCI 03-Nov-22 Interim Dividend – Rs. – 2.5000 SAMOR 11-Nov-22 Right Issue of Equity Shares
VAIBHAVGBL 03-Nov-22 Interim Dividend – Rs. – 1.5000 SIYSIL 11-Nov-22 Interim Dividend
VIPIND 03-Nov-22 Interim Dividend – Rs. – 2.5000 AMRUTANJAN 14-Nov-22 Interim Dividend
ALLSEC 04-Nov-22 Interim Dividend – Rs. – 20.0000 ARFIN 14-Nov-22 Stock  Split From Rs.10/- to Rs.1/-
CRISIL 04-Nov-22 Interim Dividend – Rs. – 10.0000 EPL 14-Nov-22 Interim Dividend
DHANBANK 04-Nov-22 E.G.M. NICCOPAR 14-Nov-22 Interim Dividend
KKCL 04-Nov-22 Interim Dividend – Rs. – 3.0000 POWERGRID 14-Nov-22 Interim Dividend
MANAS 04-Nov-22 E.G.M. GLOSTERLTD 15-Nov-22 Interim Dividend
PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000 PGHL 15-Nov-22 Final Dividend – Rs. – 11.5000
TCIEXP* 04-Nov-22 Interim Dividend – Rs. – 3.0000 MRF 17-Nov-22 Interim Dividend
TFL 04-Nov-22 Right Issue of Equity Shares PAGEIND 17-Nov-22 Interim Dividend
RECLTD 07-Nov-22 Interim Dividend – Rs. – 5.0000 EMAMILTD 18-Nov-22 Interim Dividend
SPLPETRO 07-Nov-22 Interim Dividend – Rs. – 4.0000 IRFC 18-Nov-22 Interim Dividend
SUPREMEIND 07-Nov-22 Interim Dividend – Rs. – 6.0000 MAANALU 18-Nov-22 Interim Dividend

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